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Planning and Development.

47th/Halsted TIF

Designation: 2002 Expiration: 2026

Located in the New City community and portions of Fuller Park and Englewood, the 47th/Halsted TIF is intended to provide a coordinated mechanism for leveraging private investment and public improvements. With many blocks in the district more than 50 percent vacant, the TIF provides land assembly assistance for mixed-income residential development and open space projects. The 954-acre district also promotes the rehabilitation and new construction of buildings along its main commercial corridors for retail and institutional uses. Increment from the district is also targeted to assist street and alley construction, utility work, and transit-oriented construction projects.